Borchardt Corporation has provided the following data concerning last month's operations. Direct materials $ 29,000 Direct labor $58,000 Manufacturing overhead applied to Work in Process $82,000 Beginning Ending Work in process inventory $4 66,000 57,000 How much is the cost of goods manufactured for the month on the Schedule of Cost of Goods Manufactured? $173,000 $169,000 $178,000 $235,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Borchardt Corporation has provided the following data concerning last month's operations.
Direct materials
$ 29,000
Direct labor
$58,000
Manufacturing overhead applied to Work in Process
$82,000
Beginning
Ending
Work in process inventory
66,000
57,000
How much is the cost of goods manufactured for the month on the Schedule of Cost of Goods
Manufactured?
$173,000
$169,000
O $178,000
$235,000
%24
%24
%24
Transcribed Image Text:Borchardt Corporation has provided the following data concerning last month's operations. Direct materials $ 29,000 Direct labor $58,000 Manufacturing overhead applied to Work in Process $82,000 Beginning Ending Work in process inventory 66,000 57,000 How much is the cost of goods manufactured for the month on the Schedule of Cost of Goods Manufactured? $173,000 $169,000 O $178,000 $235,000 %24 %24 %24
Expert Solution
Step 1

Total manufacturing costs = Direct materials + Direct labor + Manufacturing overhead

Cost of goods sold = Total manufacturing costs  + Beginning Work in process inventory - Ending Work in process inventory

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